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rise was mainly backed by the increase in the capital goods sector that went up by 13.4% y/y, after rising by 10.7% y/y the previous month.
Croatia’s industrial production price index (PPI) decreased 1.3% year on year in November, after falling by 0.9% y/y in the previous month. The PPI index for total industry, excluding energy, increased 1.1% y/y and moved up 3.1% on the month. The producer prices in the mining and quarrying sector increased by 4.5% y/y and went up 8.1% m/m. In the key manufacturing sector, Croatia’s PPI index remained unchanged y/y and m/m.
The PPI in the electricity, gas, steam and air-conditioning sector decreased 2.8% y/y and rose by 3.2% m/m. In the water supply, sewerage and waste management sector the PPI was higher by 0.4% y/y and stayed flat m/m.
2.5 Macroeconomy - Kosovo
2.5.1 GDP growth
The World Bank expects Kosovo to post GDP growth of 3.9% in 2024, accelerating from an estimated growth of 3.2% in 2023. Kosovo’s GDP growth in 2024 is projected to be the highest in the region of the Western Balkans.
Private consumption is expected to increase by 3.6% in 2024. In 2023 the GDP was driven by positive exports performance and private consumption. Diaspora-driven service exports are expected to remain positive throughout the year.
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